eusfta benefits


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PDF European Union-Singapore Free Trade Agreement (EUSFTA)

The EUSFTA is the EU's first FTA in force with an ASEAN country Improved Market Access to Services Sectors More Opportunities in Government Procurement

PDF Eusfta-guide-for-sg-businesses-v2pdf

Singapore-based companies exporting to Europe stand to enjoy a myriad of benefits like tariff concessions preferential access to certain sectors faster entry 

  • The advantages of the European Single Market for member countries include increased competition, wider consumer choice, easier mobility of labour & capital, and potential for economic growth.

  • What are the benefits of the European Free Trade Association?

    EFTA FTAs normally grant total elimination of import duties for all industrial products.
    As the fisheries sector is of major importance for Iceland and Norway, free trade in fish and other marine products is an essential element of EFTA FTAs.

  • What are the benefits of the free trade agreement?

    While the specifics of each FTA vary, they generally provide for the reduction of trade barriers and the creation of a more predictable and transparent trading and investment environment.
    This makes it easier and cheaper for U.S. companies to export their products and services to trading partner markets.

  • What are the goals of the European Free Trade Association?

    The European Free Trade Association (EFTA) is an intergovernmental organisation set up for the promotion of free trade and economic integration to the benefit of its four Member States – Iceland, Liechtenstein, Norway and Switzerland – and the benefit of their trading partners around the globe.

  • The agreement removes customs duties and bureaucracy that European firms face when exporting to Singapore. It also removes other trade obstacles and improves trade in key goods like electronics, food products and pharmaceuticals.
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